3 bed flat for sale

Oswald Road, Llandudno Junction LL31

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid 125,000.

Elwy are pleased to market for sale a pair of self-contained flats with tenants in situ, located in the popular village of Llandudno Junction.

Conveniently positioned close to the A55, Llandudno Junction is a thriving and well-connected village offering easy access to a wide range of local amenities, transport links, and nearby coastal towns, making it a popular choice for both renters and owner-occupiers alike.

The property is arranged over three floors and comprises:

A one-bedroom ground floor flat, offering a living room, kitchen, bedroom and bathroom, together with the benefit of a private enclosed garden.

A two-bedroom maisonette arranged over the first and second floors, comprising a living room, kitchen, bathroom and two bedrooms, with its own private entrance.

Both properties are well maintained and are currently occupied by long-term, settled tenants with a strong rental payment history.

The properties are fully compliant with Renting Homes Wales (rhw) 2016, benefitting from occupation contracts, gas safety certification, electrical safety certification, hard-wired smoke alarms and carbon monoxide detectors.

The current rental income is:

Ground floor flat: 500 pcm

Maisonette: 700 pcm

Generating a combined annual income of 14,400, with scope for future review in line with market values. Based on the current income, the property offers an approximate yield in excess of 10%, making it an attractive investment opportunity.

Tenure: Freehold. No chain

EPC Rating: Flat 1a (D), Flat 1 (D)

Council Tax Band: A

Council Tax Band: A
Tenure: Freehold